×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Kenya must change tack to get out of current economic crisis

Traders at Gakindu livestock market in Mukurwe-ini during market day. [File, Standard]

In 1932, USA President Franklin Roosevelt, fresh from winning his first term, was faced with the same crisis President William Ruto is currently facing economically. The USA's turmoil was so severe, it was called the Great Depression.

In all soberness, Kenya, much of Africa and a large portion of the world are staring at a similar crisis. Kenya's inflation at 9 per cent has caused a lot of apprehension, with prices rising steadily. This then speaks of the general direction the solution will come from. The answers cannot come from using the same model the world has been using for a century now.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
By Ben Ahenda 4 hrs ago
Boxing
Kasarani and Thailand rule Nairobi event
Sports
Is KVF embroiled in a serious leadership crisis?
Sports
Will Kenya become the first African country to host World Championships?
Sports
Defending champion Korir faces world champ Simbu in Boston